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Better late than never. It's a phrase we hear all the time. I have no idea if it's true or not, but if I had to guess, (and since I'm the one writing this, I do), I would guess that when someone says "better late than never", they are most likely trying to by pass the guilt that tells them whatever is "late" should have been done long ago. To this sense of guilt they reply, "Look guilt, I know I didn't do what I said I was going to do, at the time I said I was going to do it. But look here, I did do something. Things could be worse, you know. I could have just not done anything. Then where would you be? You'd have nothing. So why don't you just back up off me".

So, the phrase is part acknowledgement of wrong doing, and part dodging responsibility by alluding to another trademark phrase, "things could be worse". I suppose "better late than never" could be true in certain situations, and I'm hop…